Outgoing ANZ Investments head of asset allocation, Maaike van Tol, will join the NZ Superannuation Fund (NZS) as director portfolio design.
As reported last week, van Tol and fellow ANZ veteran, head of Australasian listed property, Craig Tyson, resigned last week under different notice periods.
Due to end a more than nine-year shift at ANZ, van Tol will report to NZS head of asset allocation, Charles Hyde.
The NZS portfolio design team is “primarily responsible for the Fund’s Reference Portfolio and portfolio construction approach, expressed through the risk budgeting framework and the design and operation of the proxy and hurdle frameworks”, according to the job description.
Coincidentally, ex NZS general manager portfolio completion,
George Crosby, joined ANZ this month as chief investment officer as the permanent replacement for Paul Huxford.
Following the double-exit, ANZ has reshuffled the investment team while appointing former CIO of the Australian Future Fund, Sue Brake, as interim head of asset allocation.
Meanwhile, two more senior Morningstar Australasian fund manager research veterans have walked out the door following a string of recent departures at the firm.
Tim Wong reportedly leaves his role as director fixed income manager research to join former colleague, Tim Murphy, in the newly rebranded venture, Genium Investment Partners.
Murphy was Morningstar director manager research Asia-Pacific until a restructure prompted his exit at the end of 2022. He is now co-chief of the Australia-based fund researcher, Genium, formerly known as Insight Investment Consultants.
Wong served 15 years at Morningstar in various fixed income research roles.
Morningstar also farewells Justin Walsh, associate director manager research, after more than 20 years in the business. Walsh joined the researcher in 2003 following senior roles with the now-extinct Towers Perrin consultancy brand (now part of the Willis Towers Watson business) and Macquarie Financial Services.
Earlier this month, Annika Bradley, who replaced Murphy as Morningstar manager research ratings Asia-Pacific, also quit to take a new job at mega-superannuation fund, UniSuper.
Morningstar Australasia chief, Jamie Wickham, global head of manager selection, Grant Kennaway, and Asia-Pacific director of manager research ratings, Aman Ramrakha, have all left the business over the last 15 months.
Wing Chan, Morningstar head of manager research for Europe and Asia Pacific, said the group was recruiting to replace Wong and Walsh.
“In the meantime, I will remain responsible for the manager research team and ratings on Australian and New Zealand fund managers,” Chan said.
Michael Malseed and Simon Scott – respectively, research analyst and director alternatives research – would run the Australasian fund research operations with further support from the group’s Asian team in the interim, Chan said.